Reconsider the common resource problem given in Example 18.7. Suppose that crawfish popularity continues to increase, and that the demand curve shifts from C = 0.401 - 0.0064F to C = 0.50 - 0.0064F. How does this shift in demand affect the actual crawfish catch, the efficient catch, and the social cost of common access? (Hint: Use the marginal social cost and private cost curves given in the example.)
Reconsider the portfolio selection example given in Section 8.2. A fourth stock (Stock 4) now has...... ... expected return of 18%, formulate the revised quadratic programming model in algebraic form for this problem. b. Display and solve this model on a spreadsheet. c. Develop a revision of the...
Reconsider Example 11.2 ( Hospital Emergency Room) to determine if additional nurses will be...... ... nurse. Formulate the problem as an integer linear programming model to minimize the number of nurses needed, and solve using Excel Solver. If more nurses are required than the existing staff of...
Access the September 28, 2013, 10-K report for Apple, Inc. (Ticker AAPL), filed on October 29, 2013, from the EDGAR filings at www.SEC.gov. Required 1. What products are manufactured by Apple? 2. What inventory method does Apple use? 3. Compute its gross margin and gross margin ratio for the 2013...
The television shows being watched by households surveyed by Nielsen Media Research. Qualitative versus Quantitative Data. In Exercises, determine whether the data described are qualitative or quantitative,and explain why?
A put option in finance allows you to sell a share of stock at a given price in the future. There are different types of put options. A European put option allows you to sell a share of stock at a given price, called the exercise price, at a particular point in time after the purchase of the...
Speedy Lube is a car care center specializing in ten-minute oil changes. Speedy Lube has two service bays, which limits its capacity to 3,600 oil changes per month. The following information was collected over the past six months: Month Number of Operating Oil Changes Expenses...
There are three groups in a community. Their demand curves for public television in hours of programming, T, are given respectively byW1 = $200 - T,W2 = $240 - 2T,W3 = $320 - 2T.Suppose public television is a pure public good that can be produced at a constant marginal cost of $200 per hour.a. What...
Georges Bank, a highly productive fishing area off New England, can be divided into two zones in terms of fish population. Zone 1 has the higher population per square mile but is subject to severe diminishing returns to fishing effort. The daily fish catch (in tons) in Zone 1 is F 1 =200(X 1 )-2(X...